Coldwell Banker Residential Brokerage
Michael DeLuca, Coldwell Banker Residential BrokeragePhone: (978) 973-2702
Email: [email protected]

Tag: Property Taxes

Posted on 01/16/2023
What is PITI? Understanding your financial situation
PITI, which is short for "principal, interest, taxes and insurance," is an essential term to know for anybody seeking a mortgage loan. The acronym refers to the relationship between these four numbers expressed in a ratio and can tell lenders about your financial status. Here is a breakdown of the term and why it matters to potential homeowners...
+ 7 more
Read More
Posted on 03/14/2022
Ad valorem tax: What it is & how to calculate it
Latin for "according to value," the term "ad valorem" is common in tax conversations. An ad valorem tax is flexible and dependent on the value of the specific asset, product or service. If you're a property owner, you're paying an ad valorem tax on your property taxes. To better understand how this term is used, here is a...
+ 3 more
Read More